Climate Change Data

Environmental Metrics

ESG Focus Areas

• Environmental
• Social
• Governance

Environmental Achievements

• Installation of a new photovoltaic system at the Rorschacherberg site in 2023, expected to cover about half of the site's electricity needs with renewable energy.
• Purchased 8 electric vehicles for service and sales employees to replace combustion vehicles.
• Installation of charging stations for electric vehicles at Chemnitz, Vuadens, and Rorschacherberg sites.
• Support for employees leasing job bicycles at German sites.
• Replacement of lights in several halls with energy-efficient LED lighting.
• Energy-efficient renovation of the apprentice workshop at the Rorschacherberg site in 2023.
• Switch to electronic advertising brochures from the third quarter of 2023, reducing printed brochures by 90%.
• Use of environmentally friendly water-soluble paints in paint shops.
• Systematic recycling of materials and waste.

Social Achievements

• Expansion of the training center at Rorschacherberg, doubling training capacity and offering training to learners from the entire region.
• Training of 26 apprentices, including polymechanics, design engineers, IT specialists, logistics specialists, automation specialists, and commercial employees.
• Resumption of company sports events and family events after a two-year break.
• Manager training course in cooperation with “Great Place 2 Work”.
• Update of Business Conduct Guidelines, clearly defining ethical requirements and introducing a reporting procedure.

Governance Achievements

• Election of Christian Androschin and Bernhard Iseli as new members of the Board of Directors.
• Appointment of Martin Buyle as CEO.
• Appointment of Rainer Hansjürgens as Head of the Large Parts Manufacturing Systems (LPMS) business unit.
• Appointment of Christian Kurtenbach as Head of the High Performance Systems (HPS) business unit.

Climate Goals & Targets

Environmental Challenges

• Geopolitical turbulence, including the Ukraine/Russia conflict and its impact on the global economy.
• Supply chain disruptions due to geopolitical events.
• Shortage of skilled workers.

Mitigation Strategies

• Restructuring measures to optimize earnings and improve profitability.
• Focus on market segments with high growth potential.
• Expansion of the training center to address the shortage of skilled workers.
• Active cost management to control expenses.
• Continuous productivity increases and cost reductions at Swiss locations to counteract the pressure of the strong Swiss franc.

Supply Chain Management

Responsible Procurement

• Revision of group-wide purchasing conditions to include sustainability.

Climate-Related Risks & Opportunities

Environmental Metrics

ESG Focus Areas

• Environment
• Products
• Social
• Ethics and Governance

Environmental Achievements

• Starrag Vuadens SA awarded a Silver Ecovadis Medal with a score of 60/100, placing in the top quartile of assessed companies and top 11% in its sector.
• More than 40% of electricity consumption covered by renewables.
• 1885.3 MWh of solar electricity produced across various plants (14% of electricity needs).
• Chemnitz production site certified to ISO 14001.
• Implementation of refillable cleaners in Chemnitz, reducing waste and hazardous chemicals.

Social Achievements

• Implementation of anti-corruption training for 111 employees in Shanghai and Xi’an.
• Successful sustainability workshops with high participation.
• Chemnitz trainees planted 1500 trees.
• Moutier Citizen’s Day resulted in over 300kg of waste collected.

Governance Achievements

• Integration of sustainability risks into the company's comprehensive risk assessment process.
• Implementation of anti-corruption training in Asia.

Climate Goals & Targets

Environmental Challenges

• Data collection complexities for Scope 3 emissions.
• Harmonizing sustainability efforts across the newly merged company.
• Comprehensive traceability throughout the supply chain.

Mitigation Strategies

• Complete assessment and disclosure of Scope 3 emissions planned for 2024.
• Ongoing harmonization of processes and policies for an integrated supplier management system.
• Close monitoring of high-risk suppliers and insistence on compliance with standards.

Supply Chain Management

Supplier Audits: 36 audits carried out by Tornos Group in 2023

Responsible Procurement

• Tornos Code of Conduct for Business Partners
• Starrag Business Conduct Guidelines
• Starrag General Purchasing Guidelines

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRI

Certifications: ISO 14001 (Chemnitz site)

Sustainable Products & Innovation

• Machines with reduced moving masses, frequency converters on high-pressure pumps, TB-DECO energy optimization software, weight optimization, footprint reduction, integrated drive technique and energy reuse, Fingerprint remote access, ECO mode, preheat function, programmed production stop function.

Awards & Recognition

• Silver Ecovadis Medal (Starrag Vuadens SA)